I would discuss financials on this if you choose to come see the pre-rehab on Dec 1 (I have made a lot of money (close to 7 digits after this rehab is done in ~2 months) but due to not executing a cash out refi (due to the rate increases) my return is below my underwriting).

Another option is to have him seller finance at a rate and term attractive enough for him to offset the capital gain.

I use the Bureau of Statistics to find figures for job growth and population increase.

It’s also easier to attract investors because they know their risks are limited to what they put into the LLC.Finally, managing the property becomes simpler under an LLC.

If so, do I need to wait a full year to apply the CapEx rent increase?

Allow a pets and I think you will have a great spot.Would adding that extra space/ spending that money be reflected in an appropriate increase in the property value too?

The difference is just UW fees, better than paying a 20% increase at payoff to remove properties. 

Rents for long term have been steadily increasing for years here, but you're right, they do top out at some point.

Since LMHA started inspecting my properties every 9 months instead of 12 as was the norm before ~2013 I request a rent increase each year and so far have been pretty good about getting a 2-5% increase. 

Satisfied guests aren’t just likely to leave glowing reviews—they may also spread the word to friends or choose to rebook themselves, keeping your property consistently booked and increasing your revenue!